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Every person wants his life to be better and more secure but sometimes the circumstances turn the opposite. That's why insurance is done to reduce the risk of risk coming into our life and to protect ourselves. In simple words, Life Insurance is the arrangement to make life safe.
Every person needs to have Life Insurance. The following are the benefits of getting Life Insurance
Life Insurance is taken to protect yourself and your family, so that future needs and problems can be dealt with. In today's time, people are becoming very aware of this. That's why they are getting Life Insurance for their future. In such a situation, our Riddhesh Finserv company is providing you with Life Insurance. By getting Life Insurance through us, the customer gets many facilities as compared to other companies. With our policy, you get more financial protection at a lower cost. Riddhesh Finserv is one such platform for getting company Life Insurance, which provides better customer support as well as helpline numbers. The facility to talk to our company's advisors is also provided in case of any problems related to Life Insurance. You can understand the Life Insurance policy of our company very easily.
Life Insurance is very important for the future of your family. To avoid a financial crisis and to secure the future of the family, join our company Riddhesh Finserv and get Life Insurance done. If you have liked this information today, then definitely share it with your friends and relatives so that they too can save their future from ruin and can imagine a better life.
Life insurance plans offer coverage against unfortunate events like death or disability of the policyholder. Besides financial protection, there are various types of life insurance policies that allow the policyholders to maximize their savings through regular contributions into different equity and debt fund options.
You can choose a life insurance policy to secure your family's financial future against life's uncertainties. The policy coverage comprises of a large amount, which is payable to your loved ones if anything happens to you. With this insurance type, you have the flexibility to choose the life insurance policy period, coverage amount, and payout option based on the financial requirements. Different types of life insurance policy are as follows:
Term insurance is the purest and most affordable among the types of insurance policy in which, you can opt for a high life cover for a specific period. You can secure your family's financial future with a term life insurance plan by paying a low premium (term insurance plans generally do not have any maturity value, and thus, offer lower rates of premium than other life insurance products.)
If anything happens to you within the policy period, your loved ones would receive the agreed Sum Assured as per the payout option chosen (some term insurance types offer multiple payout options as well)
Whole life insurance plans, also known as 'traditional' life insurance plans, provide coverage for the entire life of the insured individual, as opposed to any other life insurance instrument that offers coverage for a specific number of years.
While a whole life insurance plan offers to pay a death benefit, the plan also contains a savings component, which helps accrue a cash value throughout the policy term. The maturity age for whole life insurance policy is 100 years. In case, the insured individual lives past the maturity age, the whole life plan will become matured endowment.
Endowment plans essentially provide financial coverage to the policyholder against life's uncertainties, while allowing them to save regularly over a certain period. Upon maturity of the endowment plan, the policyholder receives a lump sum amount if he or she survives the policy term.
If anything happens to you (as Life Insured), the life insurance endowment policy pays the complete Sum Assured to your family (beneficiaries)
Unit Linked Insurance Plans are types of insurance policy that offer both investment and insurance benefits under a single policy contract. A portion of the premium that you pay towards a Unit Linked Insurance Plan is allocated to a variety of market-linked equity and debt instruments.
The remaining premium contributes towards providing the life cover throughout the policy tenure. In this investment-cum-insurance type product, you have the flexibility to choose the allocation of premium into different instruments as per your financial requirements and market risk appetite.
Child plans are types of insurance policy that helps you financially secure your child's life goals such as higher education and marriage, even in your absence. In other words, child plans offer a combination of savings and insurance benefits that aid you in the financial planning for your child's future needs at the right age.
The sum of money received on Maturity under this insurance type can be used to fulfill the financial requirements of your child.
Pension plan, also known as retirement plan, is a type of investment plan that aids you in accumulating a portion of your savings over an extended period.
Essentially, a pension plan helps you deal with financial uncertainties post-retirement, by ensuring that you continue to receive a steady flow of income even after your working years are over.